MOAR Bullard: Considers current levels of rates as somewhat restrictive

Author: Eamonn Sheridan | Category: Central Banks

Federal Reserve St Louis President James Bullard

  • Says Fed likely to end up with balance sheet "quite a bit larger" than many anticipated
  • Says continual miss on inflation has somewhat damaged fed's credibility
  • He considers current level of rates as somewhat restrictive
  • He sees 2019 growth at 2.25 pct, "considerably slower" than 2018 with risks for a sharper slowdown
  • Hopes Fed will make decision about final balance sheet size in next couple of meetings

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